Zazove Associates LLC purchased a new stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 75,000 shares of the company's stock, valued at approximately $566,000.
A number of other institutional investors have also recently made changes to their positions in SAND. Two Sigma Advisers LP raised its stake in shares of Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after acquiring an additional 1,974,600 shares in the last quarter. Invesco Ltd. raised its stake in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock valued at $36,394,000 after acquiring an additional 1,691,296 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the first quarter valued at approximately $8,692,000. Ruffer LLP bought a new stake in shares of Sandstorm Gold during the first quarter valued at approximately $8,327,000. Finally, Two Sigma Investments LP raised its stake in shares of Sandstorm Gold by 122.0% during the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock valued at $10,770,000 after acquiring an additional 1,060,727 shares in the last quarter. Institutional investors own 51.97% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SAND. Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, HC Wainwright lifted their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Moderate Buy" and a consensus target price of $10.15.
Check Out Our Latest Report on Sandstorm Gold
Sandstorm Gold Stock Up 1.2%
NYSE SAND traded up $0.13 on Friday, hitting $10.61. The stock had a trading volume of 3,812,812 shares, compared to its average volume of 6,823,976. The business's fifty day moving average price is $9.62 and its 200 day moving average price is $8.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. Sandstorm Gold Ltd has a 52-week low of $5.33 and a 52-week high of $10.76. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 88.42 and a beta of 0.47.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Equities research analysts anticipate that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio is presently 41.67%.
About Sandstorm Gold
(
Free Report)
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.
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